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Investments

Aker Energy

Aker Energy is an exploration and production company based in Ghana.

AKER’S ENGAGEMENT
Aker owns 49 per cent of Aker Energy. Aker’s shares in Aker Energy had a book value of NOK 0.8 billion, which corresponds to 1 percent of Akers total assets per 31 December 2018. Øyvind Eriksen (deputy chair) and Kjell Inge Røkke represent Aker on Aker Energy’s board of directors.

AKER’S OWNERSHIP AGENDA
In february 2018, Aker and The Resource Group TRG AS co-founded Aker Energy, in connection with the purchase of Hess Corporation’s 50 per cent stake in the oilfield Deepwater Tano Cape Three Points block in Ghana.

So far, the company’s focus has been the preparation of a plan of development for the oil field and the drilling of appraisal wells to provide deeper insights into the field’s geological characteristics. Based on existing seismological data, drilled wells and analysis of Pecan 4A results, the existing discoveries are estimated to contain contingent resources (2C) totalling between 450 million and 550 million barrels of oil equivalents. The potential is significantly higher. Aker is preparing a plan for financing the Pecan field and is developing a strategy to include developing local content for the development of the oil and gas industry in Ghana.

Aker sees value-creation opportunities for Aker Energy and the nation of Ghana.

For more information, please visit www.akerenergy.com .

Aker Energy

Geographic marked:
International

Sector:
Oil and gas

Category:
Exploration and production

Share of Aker's total assets (4Q18)
1%

CEO & President:
Jan Arve Haugan

Board Chairman:
Sverre Skogen

Website:
www.akerenergy.com